Russian state-owned energy major Rosneft announced that it has signed energy deals with a pair of Chinese energy counterparts, seizing an opportunity as Beijing moves to diversify suppliers amid a trade war with the U.S., TASS news agency reports.
China National Chemical, known as ChemChina, agreed to purchase 2.4 million tons a year...
Sheremetyevo’s Board of Directors approved the financial report for the first nine months of 2018, Centre for Aviation reported. According to the results, profit is up by 16.2 percent, compared to the same period last year.
The Chairman of the Board of Directors, Alexander Ponomarenko, stressed that with its general...
The Russian Energy Ministry has not yet fully developed its position on the possibility of reducing oil production in 2019 within the framework of an agreement with the OPEC production cartel, TASS news agency reported.
According to energy minister Alexander Novak, the decision will also depend on the forecast of...
A new Russian gas pipeline to China will curb its appetite for LNG imports, having a ripple effect on markets since the latter's surging demand had led to price spikes globally, CNBC reports citing analysts.
The ambitious 3,000-kilometer pipeline — known as the 'Power of Siberia' — is being built...
Russia’s Intellectual Property Court (IP Court) has ruled to recover nearly $55,000 from Moscow Regional firm Strela in favor of Microsoft Corporation for violating the U.S. company’s exclusive rights to operational systems, the country’s legal information agency RAPSI reports.
In December 2015, Strela and Microsoft signed an agreement including provision...
Sheremetyevo International Airport has signed an agreement worth 7 million rubles with Freshfields Bruckhaus Deringer. The law firm will provide legal advice on the development and conclusion of a concession agreement regarding the airfield complex of Sheremetyevo Airport.
The company will analyze the documents on real estate that are associated...
Russian gas major Gazprom may pay a double-digit dividend on its 2018 results, significantly higher than the dividend on its 2017 profit, Interfax cites the company’s Deputy Chief Executive Officer Andrei Kruglov as saying on Wednesday.
“Dividends for 2018 will be higher, at least the management board will propose to...
Russian oil company Lukoil has said its net profit, calculated to the International Financial Reporting Standards (IFRS) attributable to shareholders, in January-September 2018 increased 54 percent year on year to 460.1 billion rubles ($6.8 billion), Reuters news agency reported.
EBITDA for the first nine months of 2018 grew 37.6 percent...
The Russia-Saudi oil partnership, a powerful alliance which rescued the industry from a deep slump, is facing its toughest test yet as prices plummet, Bloomberg writes.
Crude oil has lost more than 30% of its value and Riyadh has been urging Russia to collaborate in cutting production again. Their alliance...
This year’s Black Friday campaign has proven successful for retailers, Izvestya reports. According to early indications, total sales reached 17.4 billion rubles ($259.7 million), which is 2.5-times more than in 2017, according to ArtyomSokolov, president of the Association of Internet Trade Companies (AITC).
Fiscal data operator OFD Platform said the...
